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Despite the layoffs, studio closures, and cancellations of video game projects, as well as high inflation, the video game market continues to remain robust. [165] Many investors and industry analysts believe that the video game industry will fully recover in 2025 with major releases like Grand Theft Auto VI , Monster Hunter Wilds , Ghost of ...
Take-Two Interactive Software Inc (NASDAQ:TTWO), the maker of the Grand Theft Auto franchise, plans to close two subsidiaries, Roll7 and Intercept Games, as part of mass layoffs. Roll7, based in ...
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33.9 ...
This round of layoffs come after a brutal 14 months in the video game industry. Thousands of jobs were cut in the video game sector in 2023, with industry estimates suggesting roughly 6,500 video ...
On July 26, 2024, SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) initiated a labor strike involving the union’s voice actors and motion capture artists against American video game companies signed to the union’s Interactive Media Agreements over failed renegotiation terms of the contract that had expired in November 2022.
Microsoft Gaming is the largest video game employer in the industry, followed by Ubisoft and Electronic Arts. Among the top 41 largest video game employers, ten are based in the United States , eight in Japan , five in China , three in France , South Korea , and Sweden respectively, two in Poland and the United Kingdom , and one each in Denmark ...
(Reuters) -Videogame software provider Unity Software will target laying off approximately 25% of its workforce, or 1,800 jobs, the company said in a regulatory filing and internal company memo on ...
Video game developers and publishers work in a volatile market with demanding customers and slim profit margins. As a result, many spring up and go out of business quickly. Some of the companies on this list have been purchased by larger companies, and their brand names and legacy games continue to be used, but the development and publishing ...